Friday, January 25, 2013

Gold, the Dollar and currency wars

Weekly charts of the $USD Index and Gold
1) The Dollar index is acting like a stochastic indicator (overbought/oversold levels)
2) Gold is in a "perfect uptrend", just resting .... yes, just resting ...
3) Unless you are "BLIND", we are facing a full currency war (started by Japan, and others).
4) Print, print, print .... increase our exports at all costs ...
Now, back to trading ;
Gold is still in an uptrend, now in a clear channel pattern with clear support/resistance levels.
Use the "triggers" on the Dollar index to initiate a trade.
Still bullish on Gold, we are all bankrupt ... but in full denial ...

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